The Jordan Payments and Clearing Company (JoPACC) and the Innovative Startups and SMEs Fund (ISSF) organized a Demo Day and Networking event to mark the completion of the JOIN FinTech Launchpad.
The celebration brought together key players from the ecosystem, angel investors, venture funds, and representatives from the Central Bank of Jordan. Joining them to mark this important milestone were representatives from JOIN’s sponsoring banks namely, the Jordan Kuwait Bank, The Housing Bank for Trade and Finance, the Jordan Islamic Bank, and Capital Bank. Other key guests from insurance companies, fintech accelerators and other lending institutions also attended.
Funded by the ISSF and implemented by the JOPACC’s JOIN Fincubator, the Launchpad Program has successfully completed the delivery of operational services to support the 13 fintech startups focusing on product development, operational readiness, and scalability. The startups received a variety of support services to include feasibility testing, IT infrastructure, cybersecurity, UX/UI design, financial and business modeling, valuation, marketing strategy, and public speaking and pitching skills.
The event featured a power chat discussion with pioneering Jordanian fintech founders, a short video reflecting on the startups journey and a live pitching session for the 13 startups. The event concluded with pre-scheduled meetings with the founders and networking amongst the guests.
Ms. Maha Bahou, CEO of JoPACC, commented on the occasion stating: “At JoPACC, we believe that innovation flourishes when given the right environment to grow. The Launchpad program represents our commitment to cultivating a thriving fintech ecosystem in Jordan—one that is driven by local talent, powered by collaboration, and focused on creating real impact. This achievement would not have been possible without our valued partnership with ISSF, whose unwavering support has been instrumental in bringing this vision to life”.
Mr. Mohammed Al Muhtaseb, CEO of ISSF, added: “The ISSF’s support for JOIN stems from a strategic vision to stimulate deal flow in Jordan, particularly within the high-potential FinTech sector, a space that continues to attract the largest share of venture capital across emerging markets.”
Jordan possesses the talent, ambition, and infrastructure required to lead in this sector. JOIN represents more than an incubator; it is a catalyst for innovation. With the forward-looking vision of the Central Bank of Jordan, and the active engagement of local banks partnering with FinTech startups, JOIN offers a robust and enabling environment for founders to grow and scale.
This event underscores the shared vision of JoPACC and ISSF in advancing financial innovation, enabling entrepreneurship, and fostering sustainable economic growth through technology.
Capital Bank General Assembly Approves Cash Dividend Distribution of 15% of Capital
Al-Salem: Net Profits Surge by 50% to JOD 160 Million, Reflecting the Group’s Strong Performance
During its ordinary annual meeting, the General Assembly of Capital Bank’s shareholders approved the Board of Directors’ recommendation to distribute cash dividends to shareholders at a rate of 15% of the bank’s capital. The meeting was chaired by His Excellency Basem Khalil Al-Salem and attended by members of the Board of Directors, the General Controller of Companies Dr. Wael Al-Armouti, Hadeel Jbara, and Rawa’a Al Fraihat representing the Central Bank of Jordan, and Capital Bank CEO Mr. Tamer Ghazaleh.
The meeting, held via videoconference on Thursday, April 17, 2025, was attended by shareholders representing approximately 89.35% of the bank’s subscribed and paid-up capital. During the meeting, shareholders approved the Board of Directors’ recommendation to distribute cash dividends at a rate of 15% of the capital. They also approved the Board of Directors’ report, the consolidated financial statements for 2024, and the group’s future plans.
At the start of the meeting, Al-Salem stated his highest expressions of loyalty and allegiance to His Majesty King Abdullah II, stating his pride in His Majesty and his wise political and economic vision. He highlighted the strength and resilience of the Jordanian economy, which delivered solid performance in 2024, achieving a growth rate of 2.4% despite global economic and geopolitical challenges. He noted that the Central Bank’s foreign reserves reached a record high of $21.1 billion last year. Al-Salem attributed this progress to the royal directives and solid economic policies, which have reinforced economic stability and strengthened investor confidence, both locally and among international financial institutions.
Speaking on Capital Bank Group’s performance in 2024, Al-Salem emphasized that the group achieved strong growth across all key financial indicators. Net profits surged by a record 50%, reaching JOD 160 million, up from JOD 106 million in 2023, driven by the solid performance of the group’s core businesses.
Al-Salem also praised the outstanding performance of the National Bank of Iraq, a key subsidiary that maintained its position as the largest privately owned bank in Iraq. The bank continued to expand its footprint and worked to complete all procedures to increase its capital from IQD 400 billion to IQD 520 billion by capitalizing retained earnings and issuing free shares to shareholders.. Its total assets reached IQD 5.1 trillion, and its customer base grew to 320,000. The bank further enhanced its digital operations, developed cash counting and sorting centers, and maintained strong partnerships with international financial institutions. The National Bank of Iraq’s branch in KSA has continued to achieve significant growth in its customer base and has played a significant role in strengthening trade and economic ties between Jordan, Iraq, and Saudi Arabia.
Capital Bank CEO Tamer Ghazaleh highlighted the group’s achievements during 2024. The balance sheet showed significant improvement, growing by 8.5% to reach JOD 8.2 billion at the end of 2024, compared to JOD 7.6 billion the previous year, while the customer deposits increased by 8%, rising from JOD 5.5 billion in 2023 to JOD 5.9 billion in 2024.
Ghazaleh stated that the return on equity reached 22.6% at the end of 2024, compared to 17.2% in 2023, which is considered one of the highest returns in the Jordanian banking sector, noting that the basic earnings per share for the year attributable to the bank’s shareholders amounted to JOD 0.410 for 2024. It is worth mentioning that the Group’s net operating income rose by 17% in 2024, reaching JOD 247 million, compared to JOD 212 million in 2023, while the net credit facilities portfolio remained stable at JOD 3.4 billion at the end of both 2023 and 2024, reflecting the effectiveness of the bank’s strategy in maintaining financial stability and ensuring sustainable growth, while preserving portfolio quality.
Regarding subsidiaries, Ghazaleh highlighted the performance of Capital Investments, the group’s investment arm, with the company’s total asset management portfolio increasing by 26% to $1.1 billion by the end of 2024. Capital Leasing maintained its leadership in the Jordanian market by offering diversified leasing solutions, with its profits increasing by 46% at the end of last year.
On the topic of digital transformation, Ghazaleh highlighted the bank’s significant progress in executing its digital strategy, in addition to investing in the adoption of modern technologies, including artificial intelligence, to provide innovative e-services. Blink by Capital Bank has also continued its steady growth, offering innovative digital banking services that contribute to enhancing financial inclusion and expanding its customer base. Ghazaleh also emphasized the bank’s commitment to sustainability and social responsibility, focusing on supporting environmental projects, empowering women and youth, and implementing environmental and social governance standards to promote sustainable development.
During the meeting, the nominated members of the Bank’s Board of Directors for the new session were announced. The winning members by acclamation for each category were: H.E. Mr. Bassem Khalil Salem Al Salem, H.E. Mr. Said Samih Taleb Darwazeh, the Social Security Corporation, The Safety First Investment Company (3 seats), Investments and Integrated Industries Holding Company, Hitaf Investment Company, Al-Jadara Real Estate Investment Company, Mr. Khalid Walid Hussni Nabilsi, Mr. Yousef Ali Yousef Al Nsour, H.E. Mr. Samir Zaid Samir Al-Rifai, and Ms. Dalia Abdel Azim Muhammad Wahba.
In his concluding remarks, Al-Salem reaffirmed Capital Bank Group’s commitment to leading the way in innovative financial solutions, guided by an ambitious strategy focused on creating sustainable value for shareholders and supporting the national economy. He expressed his gratitude to the Governor of the Central Bank of Jordan, His Excellency Dr. Adel Sharkas, and his team, as well as to the General Controller of Companies, His Excellency Dr. Wael Al-Armouti, for their continued efforts and prudent policy that played a role in the financial and economic stability of the Kingdom. He also commended the Board of Directors for their strategic leadership, the executive management for their dedication to achieving the group’s goals, and the employees of Capital Bank Group, who remain the cornerstone of its ongoing success.
Following the General Assembly meeting on Thursday, April 17, 2025, the newly elected Board of Directors of the bank convened and approved the appointment of His Excellency Mr. Bassem Khalil Al-Salem as Chairman of the Board, and His Excellency Mr. Said Samih Darwazeh as Vice Chairman. Their term will run from April 17, 2025, to April 17, 2029.
شركة أمنية تعلن عن تعيين فيصل الجلاهمة في منصب الرئيس التنفيذي بالإنابة
أعلنت شركة أمنية، إحدى شركات Beyon، عن تعيين السيد فيصل الجلاهمة في منصب الرئيس التنفيذي بالإنابة للشركة، ابتداءً من 21 أبريل 2025.
والجدير بالذكر أن السيد الجلاهمة يتمتع بخبرة واسعة تمتد لما يقارب العشرين عاماً في مجال الاتصالات في القطاعين العام والخاص، حيث شغل عدداً من المناصب التنفيذية والقيادية في شركة بتلكو وشركة Beyon، بالإضافة إلى هيئة تنظيم الاتصالات في مملكة البحرين. كما يتولى رئاسة مجلس إدارة كل من شركة تطوير المدينة الرقمية وشركة TOTAL CX، وعضوية مجلس إدارة شركة Dhiraagu في جزر المالديف ومجموعة طيران الخليج في البحرين.
لقاء خاص لوكالة أنباء الإمارات (وام) مع المدير التنفيذي لشركة Beyond Universe ضمن فعاليات《 المؤتمر العالمي للتوحد في أبوظبي》
شراكة استراتيجية متجددة: أورنج الأردن تجدد توفير خدمات الاتصالات للقوات المسلحة الأردنية – الجيش العربي وكافة الأجهزة الأمنية
جدّدت القوات المسلحة الأردنية – الجيش العربي وأورنج الأردن اتفاقية توفير خدمات الاتصالات للخطوط الأرضية والإنترنت المتنقل، حيث وقع الاتفاقية عطوفة مدير سلاح اللاسلكي الملكي، العميد الركن عدنان آل خطاب، مندوباً عن القيادة العامة للقوات المسلحة الأردنية ومدراء الاتصالات وتكنولوجيا المعلومات في الأجهزة الأمنية، وعن أورنج الأردن الرئيس التنفيذي المهندس فيليب منصور، وبحضور المدير التنفيذي لوحدة عمل القطاع المؤسسي والشركات، المهندس أحمد أبو ذياب.
ورحّب عطوفة مدير سلاح اللاسلكي الملكي بالحضور وأكد على أهمية العلاقة الاستراتيجية والشراكة المستمرة مع الشركة. وتأتي هذه الاتفاقية لتعزيز الشراكة الاستراتيجية التي تجمع الطرفين، خاصة أن أورنج الأردن هي المزوّد الحصري لخدمات الاتصالات للقوات المسلحة الأردنية – الجيش العربي، حيث تواصل الشركة توفير خدمات الخط الثابت والإنترنت وخطوط الاتصال بالإضافة إلى الشبكة الهاتفية (PSTN) لقواتنا المسلحة الأردنية – الجيش العربي والأجهزة الأمنية.
وأكّد الرئيس التنفيذي لأورنج الأردن، المهندس فيليب منصور، أن هذه الاتفاقية تعدّ تجسيداً لاهتمام الشركة بمتطلبات حماة الوطن، وتمثل حرصها المستمر على تصميم وإطلاق عروض وخدمات تلبي احتياجاتهم وتبقيهم دوماً على اتصال بكل ما يهمهم نظراً لدورهم في الحفاظ على أمن المملكة. وأضاف منصور أن الشركة تعتز بشراكتها الممتدة لنحو أكثر من 20 عاماً مع القوات المسلحة الأردنية – الجيش العربي والتي تواصل من خلالها تقديم مجموعة متكاملة من أفضل الحلول والخدمات وبكفاءة عالية، ممثلة بذلك السند لهذه المؤسسة الوطنية الهامة في كافة أعمالها.
Zain, Jordan Motorsport Renew Strategic Partnership
As part of its commitment to supporting the Jordanian sports sector—particularly motorsports and motorcycle racing, which play a key role in cementing the Kingdom’s position on the global sports and tourism map—Zain Jordan has renewed its long-standing strategic partnership agreement with Jordan Motorsport.
The agreement was signed at Zain’s headquarters by Zain Jordan CEO Fahad Al-Jasim and Jordan Motorsport Executive Director Zaid Balqez, in the presence of senior executives from both sides.
Under the renewed agreement, Zain will continue to support and sponsor all events and activities organized by Jordan Motorsport throughout the year. These include rally and speed racing championships that contribute to the development of motorsports in the Kingdom, most notably the Jordan Baja Rally—one of the region’s premier sporting events that attracts participants from across the globe.
Zain reaffirmed its commitment to sustaining this collaboration, which falls within the framework of its ongoing support for the sports and tourism sectors in Jordan. The agreement reinforces the company’s role in positioning Jordan as a prime destination for sports and adventure tourism. Sports tourism, in particular, showcases the Kingdom’s rich natural and touristic diversity. This initiative is also part of Zain’s broader dedication to developing the sports sector by backing sports activities and motorsport events, which enjoy wide popularity across all age groups and genders.
Zain continues to support Jordanian sports through organizing championships and a variety of sports events, in addition to sponsoring major local sports initiatives and forging strategic partnerships with several sports entities. These include its role as the exclusive telecom sponsor of the Jordan Basketball Federation, a golden sponsor of the Jordan Olympic Committee, and supporter of Jordan Riders Rally and Harley Owners Group (HOG) rallies. The company is also a strategic partner for Red Bull’s events and activities.
Moreover, Zain supports key athletic events such as the “Run Amman” Ultra Marathon and the Women’s Marathon, sponsors youth football and basketball leagues in schools, and backs the careers of individual sports champions. For the past 15 years, the company has also supported Jordan’s Paralympic athletes on their sporting journey.
Estarta hosted the Grand Prize Event
Grand Prize Event – Celebrating Excellence and Teamwork
As part of the “Hemmeh” program, Estarta proudly hosted the Grand Prize Event during the blessed month of Ramadan — a meaningful occasion to honor exceptional performance, collaboration, and the spirit of unity across our teams.
Held at our headquarters, the event brought together several of our valued employees in person, with our colleagues from Poland and Greece joining virtually. It was a memorable gathering that celebrated the achievements and dedication of teams who went above and beyond in their contributions over the past period.
The ceremony recognized outstanding teams with certificates of appreciation and commemorative trophies, symbolizing our gratitude for their remarkable efforts and commitment to innovation across various departments. The final celebration took place on Wednesday, April 16th, 2025, marking a significant milestone in our professional journey during this special time of year.
We extend our heartfelt congratulations to the winning teams:
- AAA – Security Group – Amman
- TP Team – Collaboration Group – Amman
- UCCX Team – Collaboration Group – Amman
- NMS Team – Enterprise Group – Amman
- Architecture Team – Enterprise Group – Amman
- ACI Team – Data Center Group – Amman
- Webex Contact Center Team – Amman
- Glo Team – Greece
- Front-line Team – Greece
We also thank all participants and organizers for making this event a resounding success. Your passion, teamwork, and continuous pursuit of excellence are what drive our shared success forward.
HTU Expands Renewable Energy Training
The German Energy Academy (GEA), in partnership with GIZ and supported by BMWK, has launched the GEA-IKI Project to drive regional outreach and sustainability in renewable energy training. A follow-up workshop gathered partners to discuss key objectives and upcoming milestones.
لقاء المدير التنفيذي لشركة ميس الورد مع تلفزيون المملكة حول: آليات عالمية وعربية للحد من العنف في الألعاب الإلكترونية
لمتابعة اللقاء اضغط هنا
Case In Point signed an agreement with (MoDEE) through (YTJ) Project managed by DIGISKILLS
We’re happy to announce that Case In Point signed an agreement with the Ministry of Digital Economy & Entrepreneurship (MoDEE) through the Youth, Technology and Jobs (YTJ) Project, managed by DigiSkills Jordan for the On the Job Training Grant.
We’re investing in the next generation of talent, equipping them with the skills needed to thrive in today’s fast-evolving market.
We’re excited to see the impact this program will have on both young professionals and the industry as a whole!